Have you noticed Wallfort Financial Services soared nearly 35 per cent in one month.
On YTD basis the stock is up by almost 99 per cent while in one year the stock has gained by 178.5 per cent.
With profit booking seen across the board bulls have no space to hide. On Friday’s trade the advance decline ratio is in favour of the declines on BSE with only 609 stocks advancing to 2404 stocks declining. There are as many as 245 stocks hitting upper circuit while 354 stocks touching their respective lower circuits. Almost 334 stocks have made their 52-week highs on Friday when Sensex is down by nearly 500 points on intraday basis while 16 stocks have made their fresh 52-week lows.
Wallfort Financial Services is one of those 334 stocks that made a fresh 52-week high for themselves. The institutional broking stock was seen trading at Rs 54.60 per share, up by nearly 11 per cent on intraday basis. The stocks made a fresh 52-week high of Rs 57.95 per share on Friday. The stock gained with a spurt in volume by more than 5.60 times on BSE.
On YTD basis the stock is up by almost 99 per cent while in one year the stock has gained by 178.5 per cent. In one month alone the stock has jumped by nearly 35 per cent, breaking important resistance levels.
Wallfort Financial Services is an established institutional broker and has recently forayed into retail broking with distribution franchises at national level as well as depository services via in house depository NSDL.
Wallfort is expected to announce its quarterly results on 24th of this month and is advancing in anticipation of good performance this season.